Why Does the Real Exchange Rate Matter for Economic Development?

Mostrar todas las versiones(2)

Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina

Guardado en:
Detalles Bibliográficos
Autor principal: Rapetti, Martín
Formato: Documento de trabajo
Lenguaje:Inglés
Publicado: G-24 2021
Acceso en línea:http://repositorio.cedes.org/handle/123456789/4635
Aporte de:
Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad de Centro de Estudios de Estado y Sociedad (CEDES)
id I61-R167-123456789-4635
record_format dspace
spelling I61-R167-123456789-46352025-03-30T23:00:23Z Why Does the Real Exchange Rate Matter for Economic Development? Rapetti, Martín Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina A recent body of empirical work suggests the existence of a positive association between real exchange rate (RER) levels and economic growth, especially in developing countries. This relationship appears to be driven by cases of overvaluation hurting growth and undervaluation favoring growth. The literature has proposed different mechanisms to explain the observed behaviors. One of them emphasizes that higher and more stable RERs reduce macroeconomic volatility favoring capital accumulation and growth. Another one stresses that higher and more stable RERs stimulate capital accumulation in modern tradable activities, facilitating structural change and economic development. This paper supports the view that developing countries could target stable and competitive real exchange rate (SCRER) as a part of a development strategy that promotes the expansion of modern tradable activities. It reviews the empirical findings, discusses the channels through which a SCRER can stimulate economic growth, and describes the policies needed to pursue a development strategy based on a SCRER. 2021-07-05T20:26:37Z 2021-07-05T20:26:37Z 2019 Documento de trabajo g24.org/wp-content/uploads/2019/01/Why_does_RER_matter_for_economic_development.pdf#:~:text=Recent%20research%20has%20shown%20persuasive,positively%20associated%20with%20economic%20growth.&text=Since%20it%20enhances%20the%20profitability,more%20labor-intensive%20economic%20growth. http://repositorio.cedes.org/handle/123456789/4635 en application/pdf G-24
institution Centro de Estudios de Estado y Sociedad (CEDES)
institution_str I-61
repository_str R-167
collection Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad
language Inglés
description Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina
format Documento de trabajo
author Rapetti, Martín
spellingShingle Rapetti, Martín
Why Does the Real Exchange Rate Matter for Economic Development?
author_facet Rapetti, Martín
author_sort Rapetti, Martín
title Why Does the Real Exchange Rate Matter for Economic Development?
title_short Why Does the Real Exchange Rate Matter for Economic Development?
title_full Why Does the Real Exchange Rate Matter for Economic Development?
title_fullStr Why Does the Real Exchange Rate Matter for Economic Development?
title_full_unstemmed Why Does the Real Exchange Rate Matter for Economic Development?
title_sort why does the real exchange rate matter for economic development?
publisher G-24
publishDate 2021
url http://repositorio.cedes.org/handle/123456789/4635
work_keys_str_mv AT rapettimartin whydoestherealexchangeratematterforeconomicdevelopment
_version_ 1828900191519899648

Ejemplares similares